Iscar Can Weather Gaza Conflict, Wertheimer Says

Nov. 19 (Bloomberg) -- Eitan Wertheimer, chairman of Iscar Metalworking Cos., talks about the impact of the Gaza conflict on the company's performance and the outlook for Iscar's expansion in the region. Israel-based Iscar is owned by Warren Buffett’s Berkshire Hathaway Inc. Wertheimer spoke with Bloomberg's Elliott Gotkine yesterday in Caesarea, about 62 miles (100 kilometers) south of Iscar’s headquarters in Tefen in northern Israel. (Source: Bloomberg)

Are Low Oil Prices Here to Stay?
38:44 - Vitol Group Chief Executive Officer Ian Taylor says crude oil will likely hover between $40 and $60 a barrel for 10 years. The lower boundary would imply little recovery for Brent crude, the global benchmark, whereas the upper limit would put prices back to the level of July 2015, when the oil industry was already taking measures to weather the crisis. The forecast would mean oil-rich countries and the energy industry would face the longest stretch of low prices since the 1986-1999 period, when crude mostly traded between $10 and $20 a barrel.
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